Besides hassle-free registration, an applicant choosing authentication through Aadhaar to urge a GST registration would get the approval within three working days
Now the aspiring entrepreneur are saved from the effort of physical verification for obtaining the registration for the Goods and Services Tax (GST), if the person choosing for the authentication through his Aadhaar number.
This is a replacement process that the Central government launched last Friday, a Union finance ministry official said.
Besides the hassle-free registration GST, an applicant also provided the option for choosing authentication with help of Aadhaar to urge a GST registration would get the approval within three working days with none physical verification, the official said requesting anonymity.
"Applicants, who don`t prefer to the choose the option of Aadhaar authentication for GST registration, would get the approval only after physical verification of the place of business or verification of documents that would take atleast 21 working days by respective jurisdictional Goods and Services tax authority. In such cases, longer could be required, if a notice is issued to determine certain details, he added.
The official said proper verification of the commercial premises and other details are required to stay the fake and fraudulent entities out of the GST mechanism.
In both cases, the tax authorities got to act within a specified time-frame . it might take three days for an individual choosing Aadhaar authentication, and 21 days for those opting to not undergo the verification, he said. “An application shall be deemed to be approved by the competent authority, if no notice for rejection is issued after the stipulated time-frame ,” he added.
The new mechanism of Aadhaar-based GST registration was approved within the 39th meeting of the GST Council persisted March 14 for brand spanking new taxpayers.
The mechanism, which aims to reinforce the convenience of doing business, couldn't be implemented immediately following the coronavirus disease (Covid-19) outbreak that prompted an imposition of nation-wide lockdown restrictions from Annunciation that were in situ for over 60 days, he said.
He said the person, who applies for GST registration, would get options of verification either through Aadhaar or within the physical form. If the person opts for Aadhaar authentication, a link would be shared on the applicant’s registered mobile number and email ID. Upon clicking the authentication link, a screen would come up with a declaration, where the applicant must enter an Aadhaar number and click on to validate. On successful matching of the small print , a one-time password (OTP) would be sent within the registered email and mobile number. On entering the OTP, the validation would be complete and a message of successful electronic-know your customer (e-KYC) authentication would crop up .
If the person doesn't choose Aadhaar-based authentication, his registration application would be sent to there respective jurisdictional Goods and Services tax authority which will perform necessary documentary and physical site verification before approving the registration, he said.
“The facility of quick approval of GST registration through Aadhaar authentication are often availed by all Indian nationals,” he added. ( Source )
